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Toronto Hydro 2014 CR Report_FINAL

Investing in our distribution grid
Last year, we executed the largest capital program in our history, investing approximately
$585.5 million in capital expenditures, primarily in infrastructure upgrades. That’s up from
the $445.7 million that we spent in 2013. The increase in regulated capital expenditures was
primarily related to spending on:
• Underground and overhead infrastructure
• Copeland Transformer Station
• Facilities Consolidation program
• Customer connections
The following table summarizes Toronto Hydro Corporation’s capital expenditures for the
periods indicated.
YEAR ENDED DECEMBER 31
(IN MILLIONS OF $)
2014 2013
Regulated local distribution company
Distribution system
Planned
Reactive
Copeland Station
Facilities Consolidation
Technology assets
Other1
$ $
357.6
39.0
82.1
70.8
18.6
17.4
330.7
36.1
45.3
8.6
17.1
7.9
Other2
585.5
2.9
445.7
4.7
Total Capital Expenditures 588.4 450.4
1 Includes fleet capital and buildings.
2 Includes unregulated capital expenditures primarily related to equipment of Toronto Hydro
Energy Services Inc.
Powering growth
Toronto is the fourth largest city by population in North
America and is a continued leader in high rise development.
While we recognize that we play an important role in this
growth, the volume of construction is a challenge to
maintaining our system’s performance — especially in the
downtown core where Toronto Hydro’s stations are
approaching their maximum capacity.
We’re working to expand the capacity of our stations
and feeders to address this challenge and to accommodate
this growth.
In addition to connecting new customers to the grid,
we’re enabling construction projects initiated by the City
of Toronto, the TTC, Metrolinx and GO Transit through the
expansion or relocation of our distribution equipment.
22 TORONTO HYDRO 2014 CORPORATE RESPONSIBILITY REPORT